So when’s the housing bubble bursting?


Second time this has happened and I didn't pull the trigger...sell the condo, rent for a few months and wait for everything to come down in price...guess I'm just risk averse...got a sweet refi out the deal and I wont be underwater even with a market correction but getting 6 figures one time would have been nice long term

Scared money etc etc
 
It’s the perfect starter home. But it’s only for rent.

The construction of tens of thousands of rental homes could help rebalance the broader housing market. But critics warn it could widen inequalities, replacing options for would-be first-time homeowners.


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For some of you needing a home check to see if the new home builders in your area have any incentives. We looked at a D.R Horton new build this past weekend and they offered $7k off closing costs along with a 4.9 interest rate if we financed with their lender.

With interests rate so high & the market slowing down, they're going to have some good incentives.
 
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How about stop having these stupid wasteful bullshit large weddings and use that money to buy a house instead. I’ll never understand the stupidity of a large expensive wedding
This. We eloped, and had dinner at a Greek restaurant after. My wedding band cost under 20 bucks. Me and the wife each dropped 35k on our 3rd house, refinanced and paid off our condo. I've been begging people for years to buy a home, but a lot of Hoteps told y'all to rent.
 
This. We eloped, and had dinner at a Greek restaurant after. My wedding band cost under 20 bucks. Me and the wife each dropped 35k on our 3rd house, refinanced and paid off our condo. I've been begging people for years to buy a home, but a lot of Hoteps told y'all to rent.
 
People looked at me crazy when I tell women. Instead of paying for that masters you could of used that money for a down payment. Your house equity would be more than the little bump in pay you got at work. Especially Black women who in education who all ran to get Masters. They found out it was a trap. Went from having summers off till now working summers for that office job that evens out the pay increase. I’m not gone even start on BW who feel they need to take multiple trips in a year.
 
NYC Fixing Up And Selling “Zombie Homes”


From abandoned to affordable, thousands of homes creating eyesores in city neighborhoods could soon be a beacon of hope in a tight real estate market.

CBS2's Lisa Rozner has more on "zombie homes" and has an exclusive look from Jamaica, Queens at a city program that's being expanded to turn them around.


 

Home prices may fall but rates are terrible . House prices are not falling much here at all but they report it as falling even if it goes down by 20k which ain’t shit when the average home price here is a million dollars

 
Home prices may fall but rates are terrible . House prices are not falling much here at all but they report it as falling even if it goes down by 20k which ain’t shit when the average home price here is a million dollars



Yeah I know prices in Cali are crazy right now
I guess people will just have to come to the table with more cash :dunno:
To offset the high interest rates

Interest rates will go up a little more, later this year
Then will probably plateau at around 8%, for all of next year
For most states, the housing market will probably drop about 20-25%

But the bad thing is, once the housing market bottoms out
Investment companies are going to start scooping up those cheap deals
Companies like BlackRock that have billions in cash just sitting & waiting
They're waiting to snatch them shits up, to turn them into rental homes
 
Yeah I know prices in Cali are crazy right now
I guess people will just have to come to the table with more cash :dunno:
To offset the high interest rates

Interest rates will go up a little more, later this year
Then will probably plateau at around 8%, for all of next year
For most states, the housing market will probably drop about 20-25%

But the bad thing is, once the housing market bottoms out
Investment companies are going to start scooping up those cheap deals
Companies like BlackRock that have billions in cash just sitting & waiting
They're waiting to snatch them shits up, to turn them into rental homes
That’s the problem, not many people have money for a down payment even if 10% and according to that chart I posted 62% of houses go over asking . So you need at least $100k of cash which is crazy
 








 
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